🚨 OINBASE CONFIRMS BASE SEQUENCER FEES HIT $19M IN Q4 ON LATEST EARNINGS CALLCFO Alesia Haas clarified on @coinbase's Q4 2025 earnings call that Base sequencer fees are recorded under "other transaction revenue," separate from subscription and services revenue.Gross sequencer revenue came in at approximately $19M for the quarter, with net revenue estimated at $15M after Ethereum L1 data costs and the Optimism Collective revenue share, according to Coin Metrics on chain analysis.For comparison, Base generate ...

optimism collecting 2.5% from base unichain ronin and 20 other chains soon. arbitrum collecting zero from orbit deployments. op trades at 40% of arb valuation because traders evaluate tvl instead of revenue share on $50m+ annual sequencer fees flowing through superchain infrastructure. ...